Shares of solar companies, including Nextracker, plummeted after President Donald Trump announced his administration would not approve new solar or wind power projects. This declaration caused a significant sell-off across the renewable energy sector.
President Trump posted on his social media platform, Truth Social, stating, "We will not approve wind or farmer destroying Solar," and added, "The days of stupidity are over in the USA!!!" This statement escalated his campaign against renewable energy development.
This policy stance creates substantial uncertainty for future utility-scale solar projects in the United States, directly impacting demand for solar tracking systems and potentially hindering Nextracker's growth prospects in its largest market.
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